The Corner

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They Never Learn


According to this news story today, “Federal Reserve Chairman Ben Bernanke said Friday that the central bank was taking steps to increase minority involvement in a key program it has been using to help stabilize financial markets after last year’s crisis.” But wasn’t a big cause of “last year’s crisis” the fact that governmental and quasi-governmental mortgage-loan agencies had been “taking steps to increase minority involvement” instead of making colorblind decisions based on who is best qualified?